Form 4: Alector Inc. Executive Sells Shares to Cover Tax Obligations

Sara Kenkare-Mitra, President and Head of R&D at Alector, Inc., sold shares of common stock to satisfy tax obligations related to vesting restricted stock units.

Summary

• On March 3, 2025, Sara Kenkare-Mitra, President and Head of R&D at Alector, Inc., sold 29,073 shares of common stock.
• The shares were sold at a weighted average price of $1.4674, with individual transactions ranging from $1.4673 to $1.4676.
• The sale was executed to cover tax obligations arising from the vesting of restricted stock units (RSUs).
• Following the transaction, Kenkare-Mitra directly owns 536,142 shares of Alector, Inc. common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales of shares to cover tax obligations after vesting of restricted stock units are a common practice among company executives and do not necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates